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Highlights
- Castellum, Inc. plans to offer and sell shares of its common stock in a public offering.
- The net proceeds from the offering are intended to be used for working capital and general corporate purposes.
- Maxim Group LLC is acting as the sole placement agent for the offering, which is subject to market conditions.
Castellum, Inc. (NYSE-American:CTM), a leading cybersecurity, electronic warfare, and software services company focused on serving the federal government, has announced its intention to offer and sell shares of its common stock in a public offering. Castellum will be offering all of the shares in the offering.
The company plans to use the net proceeds from this offering for general corporate purposes, including working capital. However, the offering is subject to market and other conditions, and there is no guarantee as to whether or when the offering will be completed or the final size and terms of the offering will be determined.
Maxim Group LLC is acting as the sole placement agent for the offering on a reasonable best-efforts basis. The final terms of the offering, including the number of shares to be sold and the pricing, will be disclosed in a final prospectus supplement to be filed with the U.S. Securities and Exchange Commission (SEC).
Castellum’s decision to raise additional funds comes as part of its ongoing efforts to strengthen its operations and support its mission of providing advanced cybersecurity and software services to federal government clients. The offering's completion will depend on market conditions, with final details to be determined once the necessary regulatory filings are made.
The company’s leadership remains focused on leveraging its expertise in national security, electronic warfare, and cybersecurity to support the needs of the federal government and enhance its service offerings across multiple sectors.
